secwatch.observer — SEC 8-K summary
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Issuer:     MicroAlgo Inc. (MLGO)
CIK:        0001800392
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001829126-22-001461
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Venus Acquisition extends merger deadline to June 30, 2022; replaces backstop with WiMi for up to $15M
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- Amendment to merger agreement extends outside closing date from Feb 11, 2022 to June 30, 2022.
- Prior backstop with Ever Abundant Investments terminated; new backstop with WiMi Hologram Cloud for up to $15M.
- WiMi, holding ~73% of VIYI, will purchase ordinary shares to backstop redemptions.
- Amendment acknowledges new potential governmental approvals under recent China law changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622001461/0001829126-22-001461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622001461/venusacquisition_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-001461

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer